CBOE Renews Bid To Nix ISE's Options Trading Patent

Law360, New York (August 16, 2012, 8:06 PM EDT) -- A CBOE Holdings Inc. unit on Wednesday renewed its quest to stamp out a patent for automated options exchange trading held by rival International Securities Exchange LLC — which has sued CBOE for infringement — asking an Illinois federal judge to declare the patent invalid, unenforceable and not infringed.

ISE's U.S. Patent Number 6,618,707, "Automated exchange for trading derivative securities," has been the subject of a long-running battle between the company and CBOE's C2 Options Exchange Inc. CBOE has previously sued twice to have the '707...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.